USA Mega

Vermont Powerball Jackpot Annuity Payout Schedule for Jan 20, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $730,000,000 for a ticket purchased in Vermont, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Vermont

Drawing Date:Wed, Jan 20, 2021
Jackpot:$730,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,987,548$4,029,465$961,410$5,996,672
2$11,536,925$4,232,735$1,009,481$6,294,710
3$12,113,771$4,446,168$1,059,955$6,607,649
4$12,719,460$4,670,273$1,112,953$6,936,235
5$13,355,432$4,905,582$1,168,600$7,281,250
6$14,023,204$5,152,658$1,227,030$7,643,516
7$14,724,365$5,412,087$1,288,382$8,023,896
8$15,460,583$5,684,488$1,352,801$8,423,294
9$16,233,612$5,970,509$1,420,441$8,842,662
10$17,045,293$6,270,831$1,491,463$9,282,999
11$17,897,557$6,586,169$1,566,036$9,745,353
12$18,792,435$6,917,273$1,644,338$10,230,824
13$19,732,057$7,264,933$1,726,555$10,740,569
14$20,718,660$7,629,976$1,812,883$11,275,801
15$21,754,593$8,013,272$1,903,527$11,837,794
16$22,842,323$8,415,732$1,998,703$12,427,888
17$23,984,438$8,838,314$2,098,638$13,047,486
18$25,183,660$9,282,027$2,203,570$13,698,064
19$26,442,843$9,747,924$2,313,749$14,381,170
20$27,764,986$10,237,117$2,429,436$15,098,432
21$29,153,235$10,750,769$2,550,908$15,851,558
22$30,610,897$11,290,104$2,678,453$16,642,339
23$32,141,442$11,856,406$2,812,376$17,472,660
24$33,748,513$12,451,022$2,952,995$18,344,496
25$35,435,939$13,075,370$3,100,645$19,259,925
26$37,207,736$13,730,935$3,255,677$20,221,125
27$39,068,123$14,419,278$3,418,461$21,230,385
28$41,021,529$15,142,038$3,589,384$22,290,107
29$43,072,605$15,900,936$3,768,853$23,402,816
30$45,226,236$16,697,780$3,957,296$24,571,161
Total$730,000,001$269,022,171$63,874,999$397,102,836

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.